Castle Ridge Investment Management Lp buys $8,960,665 stake in Spirit Realty Capital Inc (New) (SRC)

Spirit Realty Capital Inc (New) (SRC) : Castle Ridge Investment Management Lp scooped up 138,900 additional shares in Spirit Realty Capital Inc (New) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 842,960 shares of Spirit Realty Capital Inc (New) which is valued at $8,960,665.Spirit Realty Capital Inc (New) makes up approximately 5.24% of Castle Ridge Investment Management Lp’s portfolio.

Other Hedge Funds, Including , Fort Washington Investment Advisors Inc Oh added SRC to its portfolio by purchasing 27,300 company shares during the most recent quarter which is valued at $290,199. Spirit Realty Capital Inc (New) makes up approx 0.01% of Fort Washington Investment Advisors Inc Oh’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in SRC in the latest quarter, The investment management firm added 178,981 additional shares and now holds a total of 15,697,991 shares of Spirit Realty Capital Inc (New) which is valued at $180,840,856. Spirit Realty Capital Inc (New) makes up approx 0.03% of Blackrock Institutional Trust Company N.a.’s portfolio.Global X Management Co boosted its stake in SRC in the latest quarter, The investment management firm added 60,124 additional shares and now holds a total of 89,732 shares of Spirit Realty Capital Inc (New) which is valued at $1,024,739. Spirit Realty Capital Inc (New) makes up approx 0.05% of Global X Management Co’s portfolio. Quantbot Technologies Lp added SRC to its portfolio by purchasing 98,537 company shares during the most recent quarter which is valued at $1,147,956. Spirit Realty Capital Inc (New) makes up approx 0.13% of Quantbot Technologies Lp’s portfolio.

Spirit Realty Capital Inc (New) opened for trading at $10.5 and hit $10.6 on the upside on Monday, eventually ending the session at $10.51, with a gain of 0.67% or 0.07 points. The heightened volatility saw the trading volume jump to 31,99,031 shares. Company has a market cap of $5,082 M.

On the company’s financial health, Spirit Realty Capital Inc (New) reported $0.19 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Nov 2, 2016. Analyst had a consensus of $0.21. The company had revenue of $172.51 million for the quarter, compared to analysts expectations of $169.73 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

Many Wall Street Analysts have commented on Spirit Realty Capital Inc (New). Robert W. Baird Upgraded Spirit Realty Capital Inc (New) on Nov 21, 2016 to ” Outperform”, Price Target of the shares are set at $13.Mizuho Initiated Spirit Realty Capital Inc (New) on Oct 14, 2016 to “Buy”, Price Target of the shares are set at $14.50.Spirit Realty Capital Inc (New) was Upgraded by Morgan Stanley to ” Overweight” on Sep 7, 2016.

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